A record-shattering $238 million purchase of a Manhattan penthouse at 220 Central Park South came at the hands of billionaire and Citadel hedge fund founder Ken Griffin. The sale of the 24,000 square foot apartment makes it the highest-priced home ever sold in the United States. The four-story residence is part of a 66-floor near-supertall development by Vornado Realty Trust, and has 16 bedrooms, 17 bathrooms, five balconies, and a terrace facing Central Park.
Led by Rogers Stirk Harbours + Partners, the UK-based design team has proposed a large development project in the West Historic Chelsea District. Consisting of three adjoining construction sites, the firm is seeking to create a new eleven-story building at 550 West 27th Street, as well as an expanded upper section on top of 260 Eleventh Avenue and an exterior renovation of 549 West 26th Street. The proposal is now under review by the Landmark Preservation Committee as of January 10, 2019.
As the 13th-tallest skyscraper under construction in New York City, Robert A. M. Stern’s 220 Central Park South was the third new major residential tower to rise along Billionaire’s Row, just after One57 and 432 Park Avenue. Enclosed in Alabama Silver Shadow limestone, the upcoming 950-foot building yields 70 floors of some of the most prime real estate in New York City, overlooking Central Park and Midtown. Vornado Realty Trust is in charge of the development, while SLCE Architects is the architect of record. The project sellout is expected to be around $3.4 billion.
220 Central Park South is ever so close to becoming the third slender skyscraper to open up in the last few years along Billionaire’s Row. While Central Park Tower has overshadowed its presence across Midtown, that hasn’t taken away from the attraction for this park-bound limestone real estate. For the next few months, construction workers will be toiling tirelessly to reach the seemingly possible year-end completion deadline.
Among New York City’s current skyscrapers under construction, none comes closer to supertall status without actually reaching it than 220 Central Park South, which stands 950 feet to its rooftop. Despite imminent overshadowing by Central Park Tower, which will rise 600 feet taller, it is still an impressive addition to the Midtown Manhattan skyline. Today, YIMBY has an update on exterior progress, which is nearing completion, even as the building’s actual prominence is already on the decline.